Bloomberg reports “gold traders are the most bullish in six weeks as investors boosted their bullion holdings to a record” after two of the world’s most accomplished investors John Paulson and George Soros moved back into gold in a big way.
Paulson, the Paulson & Co. hedge-fund manager who is the single biggest reported holder of the SPDR Gold Trust (GLD), raised his stake by 4.53 million shares, or 26%, to 21.8 million shares in the 2Q from 17.3 million in the previous reporting period, and Soros more than doubled his holdings, raising his stake to 884,400 shares of the SPDR Gold Trust as of June 30, up from 319,550 on March 31, U.S. Securities and Exchange Commission 13F filings showed Aug. 14...............................................Full Article: Source